Connecticut Pension Funds generated 12.8% return in 2023

Connecticut Pension Funds generated a 12.8 percent return for the 2023 calendar year, placing them in the top 27 percent of public pension plans, Connecticut State Treasurer Erick Russell announced in a press release.

“As long-term investors, we don’t put too much emphasis on returns from individual years, but our continued success is an indication that we are moving in the right direction,” said Russell. “The positive performance of our investments matches the state’s overall financial resurgence. I’ve been so encouraged by the growing interest in our investment work and the broad commitment within state government to maximize its impact. Strong returns not only protect the retirement security of our public servants, including retired teachers and state workers, but it frees up critical budgetary resources to meet the needs of Connecticut residents and make critical long-term investments.”

During the past 10 years, Connecticut Pension Funds have returned